Sell a Business for the Best Price
Selling a Piano and Organ Movers Business
Many business leaders say that now isn't the time to try to sell a piano and organ movers business. At Gaebler, we think it's a great time to sell a piano and organ movers business. Here's why . . ..
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
You'll always have an excuse for not putting your business on the market. Selling a piano and organ movers business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your piano and organ movers business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Buyer Concessions
In a tight economy, seller concessions are the name of the game. But that doesn't mean you can't push for buyer concessions to achieve a more favorable outcome in the sale of your piano and organ movers business. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. You can also choose to exclude certain items like equipment or inventory from the deal if the buyer isn't willing to meet your price expectations. By selling excluded assets on the secondary market, you can compensate for an anemic sale price.
Laying the Groundwork
A successful piano and organ movers business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a piano and organ movers business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium piano and organ movers business opportunity.
Share this article
Additional Resources for Entrepreneurs